Business Context and Reporting Period
This Form 8-K Current Report was filed by Matador Resources Company on May 24, 2018. The filing addresses corporate governance changes specifically regarding the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The primary material change reported is the resignation of Steven W. Ohnimus from the Board of Directors. Dr. Ohnimus, who had served since 2004, will step down effective June 7, 2018, concurrent with the election of new director nominees at the 2018 Annual Meeting. He held roles as chair of the Operations and Engineering Committee and as a member of the Audit, Nominating, Strategic Planning and Compensation, Corporate Governance, and Prospect Committees.
Management Commentary and Risks
Management stated that Dr. Ohnimus is resigning to focus on recent health issues. The Company explicitly noted that the decision was not the result of any disagreement with the Company regarding operations, policies, or practices. No other risks, contingencies, or unusual items were disclosed in this filing.
Investor Verification Checklist
- Verify the date of the 2018 Annual Meeting of Shareholders (June 7, 2018) to confirm the effective date of the resignation.
- Confirm the list of director nominees for the 2018 Annual Meeting to understand the Board composition following the resignation.
- Review subsequent filings for the appointment of a replacement for the Operations and Engineering Committee chair role.